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Accenture: tightens up EPS target range

( - US consulting giant Accenture has increased its target 2019-20 EPS range, now expecting between 7.
57 and 7.70 dollars, against 7.48 to 7.70 dollars previously, along with revenue growth of 3.5% to 4.5% in local currencies, against 3% to 6% previously.

For Q3 (to end-May), the consulting and outsourcing services group reported EPS that is down 2% at 1.90 dollar, although this still exceeded the consensus by five cents.

It improved its operational margin by 10 basis points to 15.6%, with a quarterly revenues 11 billion dollars, down 1% (-1.3% in local currencies), which was penalised by a decline in revenues from reimbursable travel costs.

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